🚨🚨 Bitcoin: Vancouver also wants its strategic reserve in BTC🚨🚨
🔥🔥$BTC Canada 🇨🇦
What if the economic capital of British Columbia became the spearhead of the adoption of cryptocurrencies in Canada? Vancouver Mayor Ken Sim seems ready to take a giant step in this direction. A look back at an announcement that rocks the cryptosphere.
Since his election in 2022, Ken Sim, mayor of Vancouver, has never ceased to surprise. Latest coup to date: the announcement, during a meeting of the city council on November 26, of its intention to integrate Bitcoin into the city's reserves.
Stated objective: diversify Vancouver’s financial resources and preserve its purchasing power in the face of currency fluctuations.
To do this, a motion entitled “Preserving the city’s purchasing power through the diversification of financial resources: becoming a Bitcoin-friendly city” will be officially tabled on December 11. If adopted, Vancouver could become the first Canadian city to make Bitcoin a reserve asset, part of a dynamic already started by certain American states.
While Canada has just given a little respite to cryptocurrency exchange platforms regarding the regulation of stablecoins, the mayor of Vancouver is preparing to confront the country with an important choice. If the motion passes, the city could become the first in Canada to purchase Bitcoin and use it as a reserve asset. We are now impatiently waiting for December 11 to find out what will really happen
